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Nonprofiteer
← NORTH CAMPUS DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by NORTH CAMPUS DEVELOPMENT CORP.

Totals

Total revenue
$1,371,346
Total expenses
$608,312
Contributions and grants received
$0
Grants paid
$250,000
Program service revenue
$0
Investment income
$409,862
Other revenue
$961,484
Total assets, end of year
$6,111,215
Total liabilities, end of year
$41,514
Net assets or fund balances, end of year
$6,069,701
Program services expenses (Part IX)
$553,997
Management and general expenses
$54,315
Fundraising expenses
$0
Program service expenses (Part III)
$553,997

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $145,782 · excluded $145,782

  • 6a · Gross rents

    real property $961,484

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $961,484

  • 6d · Net rental income or loss

    total $961,484 · excluded $961,484

  • 7a · Gross sales of assets other than inventory

    securities $1,944,903

  • 7b · Less cost or other basis and sales expenses

    securities $1,680,823

  • 7c · Gain or loss

    securities $264,080

  • 7d · Net gain or loss

    total $264,080 · excluded $264,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 11b · Fees: legal

    total $2,155 · program services $2,155

  • 11c · Fees: accounting

    total $24,360 · management and general $24,360

  • 11g · Fees: other

    total $213,830 · program services $192,660 · management and general $21,170

  • 16 · Occupancy

    total $84,297 · program services $84,297

  • 23 · Insurance

    total $7,835 · management and general $7,835

  • 24a · Other expenses: PRE-DEVELOPMENT EXPENSE

    total $24,885 · program services $24,885

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $750 · management and general $750

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $859,376 · end of year $1,514,627

  • 2 · Savings and temporary cash investments

    beginning of year $1,516,973 · end of year $1,286,552

  • 4 · Accounts receivable

    end of year $4,632

  • 11 · Investments: publicly traded securities

    beginning of year $2,616,361 · end of year $2,939,569

  • 15 · Other assets

    beginning of year $390,999 · end of year $365,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $695 · end of year $3,321

  • 19 · Deferred revenue

    beginning of year $48,354 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $18,786 · end of year $31,448

  • 25 · Other liabilities

    beginning of year $9,792 · end of year $6,745

  • 27 · Net assets without donor restrictions

    beginning of year $5,306,082 · end of year $6,069,701

Mission and programs · 2024

Mission

NORTH CAMPUS DEVELOPMENT CORPORATION IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND IS INSTRUMENTAL IN THE DEVELOPMENT OF 65 ACRES OF UNIVERSITY-OWNED LAND (NORTH CAMPUS). THE CORPORATION HAS SET GOALS IN THE DEVELOPMENT OF NORTH CAMPUS, INCLUDING ESTABLISHING STRONG ACADEMIC TIES AND ACADEMIC FACILITIES SPANNING A BROAD RANGE OF THE UNIVERSITY'S COLLEGES AND DEPARTMENTS, AND ENSURING A STEADY, PREDICTABLE AND SAFE SOURCE OF REVENUE WITH NO FINANCIAL RISK TO THE UNIVERSITY.

  • UNIVERSITY PROJECTS - SEE SCHEDULE O

    Expenses $553,997 · Grants $250,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • COLIN DONAHUE

    SECRETARY & TREASURER

    Total calculated
    $457,636
    From this org
    $0
    From related orgs
    $330,800
    Other
    $126,836
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,404 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $98,320 related
    Nontaxable benefits
    $0 + $28,516 related
    Filer's total
    $0 + $457,636 related

  • DAVID HONDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 39.8 related

  • ERIKA BECK

    CHAIR

    Total calculated
    $635,639
    From this org
    $0
    From related orgs
    $546,859
    Other
    $88,780
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $474,307 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $12,552 related
    Deferred
    $0 + $48,463 related
    Nontaxable benefits
    $0 + $40,317 related
    Filer's total
    $0 + $635,639 related

  • JIMMY GANDHI

    DIRECTOR

    Total calculated
    $284,315
    From this org
    $0
    From related orgs
    $203,549
    Other
    $80,766
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,549 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $52,076 related
    Nontaxable benefits
    $0 + $28,690 related
    Filer's total
    $0 + $284,315 related

  • KATIE KARROUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 39.8 related

  • RICK EVANS

    PRESIDENT & EXEC DIRECTOR

    Total calculated
    $305,314
    From this org
    $0
    From related orgs
    $225,477
    Other
    $79,837
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,081 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $66,840 related
    Nontaxable benefits
    $0 + $12,997 related
    Filer's total
    $0 + $305,314 related

  • WILLIAM WATKINS

    DIRECTOR

    Total calculated
    $436,985
    From this org
    $0
    From related orgs
    $318,368
    Other
    $118,617
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,132 related
    Bonus
    $0
    Other
    $0 + $1,236 related
    Deferred
    $0 + $94,230 related
    Nontaxable benefits
    $0 + $24,387 related
    Filer's total
    $0 + $436,985 related

  • GRACE SLAVIK

    ASSOC. EXEC. DIR. FINANCIAL SERVICES

    Total calculated
    $170,809
    From this org
    $0
    From related orgs
    $133,306
    Other
    $37,503
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,101 related
    Bonus
    $0
    Other
    $0 + $205 related
    Deferred
    $0 + $8,185 related
    Nontaxable benefits
    $0 + $29,318 related
    Filer's total
    $0 + $170,809 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CALIFORNIA STATE UNIVERSITY, NORTHRIDGE, A RELATED ORGANIZATION, ESTABLISHED AND MAINTAINS THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR IN CALENDAR YEAR 2024. COMPENSATION IS DETERMINED BY CAMPUS OFFICE OF HUMAN RESOURCES USING CALIFORNIA STATE UNIVERSITY APPROVED METHODOLOGIES FOR DETERMINING COMPARABLE COMPENSATION.
PART II:
COMPENSATION FOR RICK EVANS WAS PAID BY CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND THEN REIMBURSED 35% BY NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION AND 65% BY THE UNIVERSITY CORPORATION, AN AFFILIATED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202601339349300905

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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